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The Eurodollar Market in the United States

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Abstract

In February, the Federal Reserve Bank of New York's trading desk announced it will publish a new overnight bank funding rate early next year. The new rate will be based on both federal funds and Eurodollar transactions reported in a new data collection--the FR 2420 Report of Selected Money Market Rates. In a previous post, we explained how FR 2420 fed funds transaction data will replace brokered data as the base for the fed funds effective rate. This post provides insights on the Eurodollar market in advance of the publication of the overnight bank funding rate.

Suggested Citation

  • Marco Cipriani & Julia Gouny, 2015. "The Eurodollar Market in the United States," Liberty Street Economics 20150527, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednls:87033
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    Cited by:

    1. Gara Afonso & Marco Cipriani & Adam Copeland & Anna Kovner & Gabriele La Spada & Antoine Martin, 2021. "The Market Events of Mid-September 2019," Economic Policy Review, Federal Reserve Bank of New York, vol. 27(2), pages 1-26, August.
    2. Elizabeth C. Klee & Zeynep Senyuz & Emre Yoldas, 2016. "Effects of Changing Monetary and Regulatory Policy on Overnight Money Markets," Finance and Economics Discussion Series 2016-084, Board of Governors of the Federal Reserve System (U.S.).

    More about this item

    Keywords

    Eurodollars; FR 2420;

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

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